
The dollar hit a 10-week high against the yen on March 1, 2019, as US Treasury yields rose and investors sought higher yield. US Q4 GDP grew 2.6% annualized, above the 2.3% forecast, while the euro held in its trading range near $1.137.
A firmer dollar on yield differentials tends to weigh on dollar-denominated commodity prices and supports US export pricing in competing origins. The move is a currency-level driver with limited direct grain impact.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
After 533 past bearish macro events, Euro (USD per EUR) moved a median -0.3% over 5 sessions (33% higher; middle half -1.2% to +0.2%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.